The conditions required for the petroleum extraction wastewater blowout described and analyzed in this paper are replicated at vast scale, far beyond the Permian Basin.

Meanwhile only a tiny period of time has passed before inadequate long term durability is already becoming obviously visible. There's every reason to believe the problem will become worse.

An industry that treats our planet like toilet paper.

#HydrocarbonLegacy
#ExternalCosts

https://agupubs.onlinelibrary.wiley.com/doi/10.1029/2024GL109435?af=R

"A key and underrated aspect of the recent triad of climate rulings of the European Court of Human Rights (ECtHR) is that the ECtHR has brought to the fore the role of trade-related greenhouse gas (GHG) emissions in states’ carbon footprints...As I will argue, the ruling all but requires Switzerland to adopt a climate-oriented trade policy."

#ExternalCosts
#ClimateMitigationPolicy
#SabinCenterForClimateChangeLaw

https://blogs.law.columbia.edu/climatechange/2024/05/01/international-trade-and-embedded-emissions-after-klimaseniorinnen-the-extraterritoriality-of-climate-change-obligations/

It would be interesting to see how these results might change if the inquiry also included elicitations on self-efficacy.

#ExternalCosts

https://www.sciencedirect.com/science/article/pii/S146290112300120X?dgcid=rss_sd_all

Funny thing: only yesterday while listening to the fan in my laptop spin up on the ad-loaded site electrek.com (ironic!) I wondered to myself, "what's the kWh hit of all this advertising frenzy, at scale?"

Well, one day later up pops an answer.

Sadly because of Yet Another Business Plan this article is #NotOpenAccess but some hints are in the abstract, for those who can take the work on faith alone.

It's a lot of juice.

#EnergyWaste
#ExternalCosts
#ClimateChange

https://onlinelibrary.wiley.com/doi/10.1111/jiec.13376?af=R

@seankearney
Capitalism cannot exist where there is #oligopoly/#monopoly. Economics 101.

Capitalism as defined by prominent thinkers also means govt protections from capital, to avoid and offset negative aspects, called #externalCosts or #externalities. That just hasn't been happening.

We've given multinational oligarchs power over effectively all aspects of life. Their fusing with govt, and cementing of power manifests more as fascism than #capitalism.

@11235
We have reached a good understanding, it seems.

Yes income tax and "profits" tax are replaceable by a 15% land tax based on rental value. Income tax only came around circa 1915 after the "#FederalReserve" (read: seedy private interest cartel) was created.

10% GST on things that are not fresh #food and necessities (see #Australia's #GST) is also good. Buying #processedFoods and #manufactured goods has #externalCosts best accounted for separately.

@shebang @kaikatsu @nerdman @kino